If you check out our blog often, you know that at Fairmarkit we think that tail spend management matters We feel so strongly about it because our team has been able to help quantify the tail spend problem by reviewing client data sets to help to determine areas of large savings opportunity and high-risk categories, products, and suppliers. We recently ran the numbers on our work with the MBTA and the results we’ve found using our platform are really impressive. Through our collaboration, the MBTA:
If you’re interested in hearing more about our work with the MBTA, check out our newly released case study. But we don’t want you to only take our word for it – there are a lot of reputable third party organizations who have found value in tail spend management as well, for example:
While there continue to be hurdles that come in the way of tail spend management, including lack of visibility, time restraints and upfront technology costs, the long term benefits of addressing the issue cannot be ignored.